LONDON (ShareCast) - (Sharecast News) - Courier United Parcel Service beat analysts' expectations for the third quarter of its trading year thanks to it charging customers higher rates throughout the period.
United Parcel Service reported third-quarter earnings of $2.33bn for the three months ended 30 September, or $2.65 on a per-share basis, up from $1.96bn, or $2.24 per share, at the same time a year earlier.

Stripping out one-time items, third-quarter earnings came to $2.71 per share, easily beating expectations on the Street for a print of $2.52 per share.

UPS' revenues grew to $23.18bn from the $21.24bn seen last year, ahead of market expectations of $22.61bn.

Revenues climbed 7.4% Stateside to $14.21bn, aided by a 12% increase in revenue per piece, better than the $14.19bn Wall Street was calling for, while international revenue rose 15.5% to $4.72bn to top the $4.66bn expected.

As of 1355 BST, UPS shares were up 6.15% in pre-market trading at $216.44 each.

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